Richard Addis to leave FT

Former Daily Express editor Richard Addis is leaving the Financial Times, the latest in a string of departures under the regime of new editor Lionel Barber.

Addis, who has worked as the FT's design editor for the past three years, leaves the paper tomorrow to start raising funds for a new media venture.

"It's heavily inspired by the internet," Addis said. "After a long time working for big companies, the one thing I haven't done is try and do my own thing."

He spent two of his three years at the FT also in charge of the paper's weekend edition, but was recalled to design by the former editor, Andrew Gowers, to concentrate on a redesign last year.

Before joining the FT, Addis worked as the editor of the Globe and Mail in Canada, having edited the Daily Express between 1995 and 1998.

Lionel Barber said Addis had been "a constant source of fresh thinking and energy". Addis's departure coincides with the retirement of the FT's visual editor, Brana Radovic.

The paper's design and graphics teams will report to the executive editor, Hugh Carnegy, while Chris Krage has been promoted to art director, responsible for the overall design and graphic style of the paper.